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  2. •

    Producer manufacturing

  3. •

    Industrial conglomerates
Tian Chang Group Holdings Ltd.

Tian Chang Group Holdings Ltd.

HHKEX:2182
0.50
HKD
+0.01
(+2.06%)
195.30MMarket Cap
Tian Chang Group Holdings Ltd.
HKEX:2182
(Hong Kong Exchange)

Recent

price

0.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
HKD
0.88
0.65
0.9
0.92
1.62
2.02
1.27
1.8
1.85
1.13
0.87
0.84
- -
Revenue per Share
0.08
0.03
0.05
0.03
0.13
0.21
0.12
0.16
0.17
0.04
-0.02
-0.02
- -
Basic EPS, GAAP
-0.01
0.01
0.06
0.12
0.11
0.18
-0.02
0.05
0.23
0.15
0.05
0.06
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
0.05
0.02
0.02
0.02
0.02
0.02
- -
- -
Dividend per Share
0.38
0.39
0.4
0.46
0.73
0.87
1.03
1.22
1.26
1.26
1.2
1.22
1.2
Book Value per Share
0.38
0.39
0.4
0.46
0.73
0.87
1.03
1.22
1.26
1.26
1.2
1.22
1.2
Tangible Book Value per Share
620
620
620
620
592
620
620
620
620
620
620
620
620
Basic Weighted Avg Shares
549
401
556
573
960
1,251
787
1,118
1,144
698
540
519
- -
Sales/Revenue/Turnover
14.13
8.49
9
7.29
11.71
13.42
11.68
11.1
11.21
2.85
-1.83
-1.2
- -
Operating Margin (%)
21
26
30
28
30
39
47
51
50
51
51
49
- -
Depreciation Expense
53
18
34
20
76
127
74
96
106
23
-14
-14
- -
Net Income, GAAP
25.11
25.05
24.76
35.28
27.36
22.61
15.78
14.36
9.31
9.51
- -
- -
- -
Effective Tax Rate (%)
9.59
4.43
6.09
3.5
7.89
10.17
9.36
8.61
9.26
3.36
-2.53
-2.79
- -
Profit Margin (%)
-19
-91
-76
-133
-14
-50
-49
3
112
153
177
219
177
Working Capital
95
87
79
30
66
42
47
20
9
1
6
4
6
LT Debt
236
242
247
284
451
537
638
755
782
783
745
754
745
Total Equity
- -
5.74
8.33
3.67
13.88
18.87
9.61
10.34
12.03
2.54
- -
- -
- -
Return on Invested Capital (%)
- -
6.3
9.15
5.75
14.39
19.62
10.15
10.84
11.75
3.22
- -
- -
- -
Return on Capital (%)
- -
7.43
13.84
7.56
20.6
25.74
12.54
13.82
13.79
3
-1.79
-1.93
- -
Return on Common Equity (%)

Capital Structure

HKD

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
ST Debt
64
64
33
LT Borrowings
- -
- -
- -
LT Finance Leases
1
8
6
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
620
620
620
Market Capitalization
316
298
195

Working Capital

HKD

•

in mil. unless spec.
Dec'23
Jun'24
Dec'24
Total Current Assets
327
335
333
Cash, Cash Equivalents & STI
133
151
129
Accounts Receivable, Net
103
103
126
Inventories
78
71
71
Total Current Liabilities
174
171
156
Payables & Accruals
- -
- -
- -
ST Debt
64
64
33
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.2%
3.66%
1.19%
Free Cash Flow
69.17%
-7.86%
20.95%
Net Income, GAAP
16.34%
-37.93%
5.8%
Sales/Revenue/Turnover
8.12%
-4.25%
-3.86%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
698
2024
- -
- -
540
2025
- -
- -
519

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.04
2024
- -
- -
-0.02
2025
- -
- -
-0.02

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.02
2024
- -
- -
0.02
2025
- -
- -
- -
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Business
Tian Chang Group Holdings Ltd. engages primarily in the provision of integrated plastic solutions and the manufacturing and sales of electronic cigarette products. Founded in 2000 and headquartered in Hong Kong, the company operates through two main segments: the Integrated Plastic Solutions segment, which covers mold design and fabrication services alongside plastic component design and manufacturing services; and the E-cigarettes Products segment, marketing electronic cigarette products under the brand "blu." The Group distributes its products domestically within China and to international markets including Europe, Asia, and the United States. In recent years, Tian Chang has expanded its research and development efforts and enhanced technical capabilities in plastic injection molding and e-cigarette manufacturing. Major recent developments include a reported revenue decline in 2024 with expected net losses due to decreased sales in its integrated plastic solutions segment, while continuing to pursue operational improvements and insider share purchases indicating confidence in the company's long-term prospects. The company held a Board meeting in early 2025 for annual performance reviews and capital injections into subsidiaries, reflecting strategic efforts to stabilize and grow operations amid challenging market conditions. Tian Chang Group Holdings Ltd. is listed on the Hong Kong Stock Exchange under the ticker 2182.HK.